Deals
Sbarro Said to Hire Kirkland to Advise on Restructuring Options
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Sbarro Inc., the pizza chain owned by private-equity firm MidOcean Partners, hired Kirkland & Ellis LLP to advise on restructuring options, according to two people with knowledge of the situation.
Sbarro, which owns or franchises more than 1,000 fast-food Italian restaurants, is discussing restructuring its debt as well as potentially filing for bankruptcy, said the people, who asked not to be identified because the talks are private. A potential filing isn’t imminent, said one of the people.